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Search resuls for: "Xavi Lopez"


3 mentions found


☆ Better than feared financials are fueling Foot Locker's stock surge. But we'll take it
  + stars: | 2023-11-29 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
Foot Locker (FL) reported quarterly results that can only be described as better than feared: Nearly all of the important metrics came in weaker than a year ago, but they weren't as terrible as expectations on Wall Street. While Wednesday's surge put Foot Locker's quarter-to-date gains at nearly 60%, the stock was still down roughly 27% in 2023. Better sales guidance than previously forecast and only a slightly worse earnings outlook also helped juice shares of Foot Locker. In our view, this is appropriate because Foot Locker is a turnaround story. Shoppers leave the American multinational sportswear and footwear retailer, Foot Locker store in Spain.
Persons: Locker, We're, Mary Dillon, Dillon, we're, Michael Baughn, comps, Cash, Jim Cramer's, Jim Cramer, Jim, Xavi Lopez Organizations: Sports, Nike, Management, EMEA, CNBC, Shoppers, Lightrocket, Getty Locations: North America, Middle East, Africa, Asia, Spain
☆ Zara is opening or revamping nearly 30 stores in the US by 2025 — here's where they're located
  + stars: | 2023-03-15 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +3 min
Inditex is planning to open at least 10 new Zara stores across the US by 2025. At least a dozen other Zara locations will be revamped or enlarged, the retailer said. "This is a market in which for every $100 of fashion sold, we take less than $0.50 of that," García Maceiras said. Foot traffic is up at Zara stores around the world, and Inditex reported a 23% jump in store sales in 2022 across its portfolio of brands, which includes Zara, Bershka, and Massimo Dutti. Inditex plans to invest 1.6 billion euros, about $1.7 billion, in expanding its stores and warehouses worldwide, including a new Zara store on Paris' Champs Elysées, and at least 10 new locations across the US.
☆ Shoppers' returns are spiking to unprecedented levels — driving a $280 billion problem that's starting to backfire against them
  + stars: | 2022-12-07 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +5 min
Inflation and a phenomenon called 'bracketing' are driving returns, Insider Intelligence says. Returns add another layer of cost and complexity for retailers, Insider Intelligence analyst Zak Stambor wrote in the report. Depending on the way they handle returns, retailers could be on the hook for packaging, shipping, and labor costs, he wrote. Zara is among the stores that have started charging shoppers if they return items by mail. Amazon, for example, allows customers to return items purchased on its website at Whole Foods grocery stores, which the company owns.
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